tailwindjets
Filing Flight Plan
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does the 12 yr recommended affect insurance companies
overhaul lycoming engines
- Thread starter tailwindjets
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hindsight2020
Final Approach
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- Apr 3, 2010
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hindsight2020
non-revenue use case? no. You won't get full value come prop strike time if that's what you're asking. But refusal to quote, like they do in Florida with roofs? No.
What’s your policy say? With the way things are going, I wouldn’t be surprised. It never used to be a factor, as TBO was/is only a recommendation under Part 91.
bonefishpete
Pre-Flight
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Bonefishpete
How old is too old? See a lot of planes on market that may be below TBO but haven’t had the cases split in over 20 years some 25-30 years.
AvNavCom
Pre-takeoff checklist
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GroundLoopArtiste
If everything is working well and the inspectable stuff seems in good condition, I don't really care what the calendar says.
Stewartb
Final Approach
In a claim situation? Is a 30 year old engine equal in value to a 10 year old engine? No, it isn’t.
In what manner? Example?
It may affect the Hull Value. These have been going through the roof in
the last few years. Folks have majored engines which adds to the value
and then find the Hull Premium increases. To me; that’s no a problem.
There are companies that require you to request an increase in the Value;
even if there is no increase in premium.
If you are going to insure at all , it’s important to not be underinsured.
After a certain percentage of Declared Value it becomes their aircraft
in case of damage. Then you won’t even be remotely close to being
able to replace with the payout. A “ Minor “ prop strike can result in
the insurance company owning it. Or, don’t put it through insurance?
Then why have it?
the last few years. Folks have majored engines which adds to the value
and then find the Hull Premium increases. To me; that’s no a problem.
There are companies that require you to request an increase in the Value;
even if there is no increase in premium.
If you are going to insure at all , it’s important to not be underinsured.
After a certain percentage of Declared Value it becomes their aircraft
in case of damage. Then you won’t even be remotely close to being
able to replace with the payout. A “ Minor “ prop strike can result in
the insurance company owning it. Or, don’t put it through insurance?
Then why have it?
Ed Haywood
En-Route
Overhaul information is not even on my policy application. Just year, make, model, seats, and hull value.
BillTIZ
Final Approach
We once tried to raise the Hull Value on the insurance of an airplane. The insurance company refused because "the engine was at TBO". Well, they thought the engine recommended TBO was 1800 hrs and could not justify the increased hull value, but in reality the TBO was 2000hrs. That did not matter because yes, we were at TBO 2000hrs. We completed an overhaul a couple years later and also recovered the fabric wings. We went back to the insurance company to raise the Hull Value from $50K to $75K, full market value. They had no issues in doing that.